EUR JPY

They key with the positions I take are. Cutting your loss by no more then 1 fib level. Which on avg is 6-8 points. Once you do that, you keep enough free margin, and you aren't bias towards the direction of your loss.

What an amazing drop. Almost 90 point drop in 5 mins for EUR/JPY. Got to love this pair!

Yes! I am a rookie so forgive my terminology if it's not precise. I've only been trading less than a month and that is the most volatility I have seen in that short period of time. I have heard that the Japanese want to weaken their currency to make it more competitive but how far will it drop or what kind of support levels are we looking at?

Well that is just it. Look at it for the past month. It has WEAKEND by more then then 1200 points based on its current price. This of course is a meer profit taking. The higher tf shows it to being on a sell mode, but it has yet to pass the BEAR breakout price. 118.79 IS THE BREAK breakout price, so actually we are under it right now. First tp will be 118.08 for the short term. and second tp is 117. 318

39 mins later and we are less then 20 points away from the tp number 1. What a nice pullback by eur/jpy. I think we will bounce up a bit from here before the tp is reached.

TP number hit :)

Any update about EURJPY it will go to 121 level or not?

asad0798 posted:
Any update about EURJPY it will go to 121 level or not?

 Well much needs to happen for that to occur. I'm honestly not a swing trader. I'm a scalper.

hmm ok

Higher time frames says this should be dropping. I will post a chart with my analysis in a few hours.

ok :)

IMHO; EUR/JPY looks like 116.00 Range nearby...https://www.myfxbook.com/forex-charts/AUDUSD,H1/7613/NPKU2auHmSE3kOY#EURJPY,H1/8263/WOMwHjWvbuEpsR4
We'll see...

Told you I was a rookie, mixed long/short with value of currency. Anyway, well done AmberLynn you called it about perfect today on a volatile pair. I'm trying to get experienced traders insight into...what I basically cannot see...yet. Will be curious what your forecasts are for tomorrow. Good Luck.

jsnyder162 posted:
Will be curious what your forecasts are for tomorrow.

Me too ! I am looking forward to have some explanation of the strategy with graphics support :-)

cheers

And AmberLynn blew both the demo and real account

Repco posted:
And AmberLynn blew both the demo and real account

 I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.

AmberLynn posted:

Repco posted:
And AmberLynn blew both the demo and real account

 I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.

Take care of the downside, the top side will take care of itself.

Repco posted:

AmberLynn posted:

Repco posted:
And AmberLynn blew both the demo and real account

 I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.

Take care of the downside, the top side will take care of itself.

 I don't understand what it is your referring to.

Take the following snapshot for an example. This was my biggest win of the day in that account. Yet, this position I actually held a 23 point loss (extremely bias for a scalpers position), until EUR/JPY actually reversed, and reversed huge in my favor. It is wagers like this which, cause you to believe next time, the same will occur. On that LUCK wager, I ignored 3 signals which told me to sell, before the big reversal.